Shiseido profit up 170% in fiscal 2018

Shiseido announced a new corporate philosophy shortly after unveiling its Global Innovation Center.

Japanese group Shiseido’s net profit grew 169.9% to ¥61.4bn ($558.98m) for the fiscal year ended December 31, 2018. The dramatic spike reflects an extraordinary impairment loss in the 2017 financial year for Bare Escentuals in the US, the company said.

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